Underwriters

The Underwriter provides thorough due diligence, evaluating the music catalogues' historical performance, risk factors, and future potential, ensuring that the pricing and terms of the notes are accurately set.

To compensate Underwriters for their expertise and effort, Investment Pools apply an origination fee that is paid to the originator of the pool. This fee can be structured in one of two ways:

• Percentage of the capital raised: In this case, the fee is paid immediately to the originator’s wallet upon closing the capital raise.

• Percentage of the interest: Here, the fee is distributed to the originator according to the payment schedule of the deal.

This fee structure ensures that Underwriters are appropriately compensated for their role in mitigating risks for Investors while promoting high-quality investment opportunities within the protocol.